531 N Virginia Court,Long Beach, CA 90802
Long Beach, CA 90802
Description
Prime Investment Opportunity in Long Beach! This updated 3-unit property offers long-term value and reliable income less than 1/2 mile to the heart of downtown and less than 1 mile to the Ocean. Recent Cap Ex includes remodeled units with newer roofs and plumbing upgrades make for a unique opportunity at this price point. Perfect scenario to live in one unit and offset the mortgage by renting the other two. Surrounded by major developments like the Long Beach Civic Center, Queen Mary Island, and West Gateway, the property benefits from the city's continued investment growth. Just minutes from the vibrant Downtown Long Beach core, residents enjoy easy access to a wide range of dining, shopping, and entertainment options. Nearby Alamitos Beach, Golden & Lincoln Park, and Shoreline Village provide ample recreation opportunities. Conveniently located near the 710 and 405 freeways and the Metro Blue Line, residents also benefit from seamless accessibility to LA & Orange County. Long Beach's thriving economy, supported by its shipping, aerospace, and healthcare sectors, ensures a strong tenant base. Don’t miss this turnkey investment in one of Southern California's most desirable markets!
Details
| MLS # | SB26155784 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 36 |
| Listing Provided By | Buckingham Investments, Inc | Jeffrey Isenberg |
Features
| SQ Feet | 1,987 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | LBPD30 |
| Acreage | 0.08 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, Quartz Counters, Recessed Lighting, Bedroom On Main Level |
| Appliances | Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Asphalt, Wood Siding |
| Lot Features | Zero To One Unit Acre |
| Fencing | Vinyl |
Parking
| Parking Features | One Space |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Alamitos Beach (AB) |
| Listing VS Median (in Alamitos Beach (AB)) | |
Price: $969,000 low | high Med: $429,000 sqft: 1,987 low | high Med: 728 $ / sqft: $488 low | high Med: $589 On site: 36 low | high Med: 10 | |
Market Activity 90802
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Alamitos Beach (AB) |
| Listing VS Median (in Alamitos Beach (AB)) | |
Price: $969,000 low | high Med: $429,000 sqft: 1,987 low | high Med: 728 $ / sqft: $488 low | high Med: $589 On site: 36 low | high Med: 10 | |
